With Mitt Romney emerging from last night's voting as basically a mortal lock on the nomination, I find myself wishing it wasn't over quite so quickly.
Maybe we got spoiled in '08 with dramatic primary seasons for both parties, but it seems weird to me that candidates run for a year or year and a half, raise and spend millions of dollars, and then after two small states vote, it's all over.
I'm actually a fundamentalist, not a technician, so I'd be out of my depth trying to guess Bidu's very short term price moves.
But if we move out to a few weeks perspective, I feel reasonably confident that Bidu will runup in anticipation of it's earnings announcement (not yet scheduled, but possibly Feb 2nd), followed by a sell off afterward.
I expect the peak price to be on earnings date +/- a day or two. This is in accord with what Bidu has done historically, but of course, markets like to make all of us look foolish from time to time, so please accept my opinion with a side order of good, healthy skepticism.
I appreciate the advice, but I only buy puts or calls......just my nature. Not to tick off the stock Gods, but I've done rather well over the years. With that being said, I'm getting NO vibe right now on which direction this is headed, but feel there's a 60-40 shot it goes down. Not enough of a conviction for me to pull the trig. 80-20 is my #.